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Wealthy Are Giving More Money Overseas; Less to Religion, Education, and Arts

 
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It is no surprise that charitable giving by the wealthy declined last year. According to a report released today by Giving USA and the Center on Philanthropy at Indiana University, individual giving fell an estimated 0.4% in 2009, to $227.41 billion-a fairly mild drop. 

 

Total giving, by the wealthy, companies, foundations and bequests, fell 3.9% to $303.75 billion.

More significant was the shift in where the dollars are going.

According to the report, charitable donors are moving away from the the standard charitable causes-religion, education and the arts-to focus their money on health, human services and the overseas poor.

Here are some of the new winners (and losers) in philanthropy:


Source: Wall Street Journal | Robert Frank
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